NXP forms Chinese semiconductor JV with JAC Capital
NXP Semiconductors, a Dutch chip manufacturer listed in the US, has announced it plans to form a Chinese joint venture with state-owned private equity firm JianGuang Asset Management (JAC Capital).
JAC Capital will own a 51% stake in the JV while NXP will take the remaining 49% share. The JV is intended to make use of NXP's bipolar power technology and JAC Capital's connections with Chinese manufacturing...
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